SOLO Token, DEX, NFT marketplace, and Airdrop

Sologenic.org (SOLO Core Team)

Around 2 years ago, the SOLO Core Team issued 400,000,000 SOLO Tokens to be used across the “Sologenic Ecosystem”. SOLO Core team is an independent community of developers with the passion of making the Sologenic Ecosystem successful. It consists of developers who are actively working on various open-source projects and use cases around the XRP as well as SOLO.

Sologenic.com (Manticore Securities AS)

Sologenic.com (Manticore Securities AS) is a Public Limited Company, registered in the EU with the aim of obtaining MiFID ll Investment Firm license to tokenize securities such as stocks and ETF on the XRP Ledger using the Sologenic Ecosystem. SOLO Tokens play an integral part in when the platform is fully operational. Currently, Manticore Securities AS is in the process of obtaining the license and has developed a test environment that simulates the tokenization of securities on the XRPL.

Sologenic Ecosystem Expansion

The SOLO Core Team, on the other hand, is actively looking to expand the use cases of SOLO as well as increase community engagement. The team has been building some of the greatest tools that work with the XRP Ledger such as the Sologenic DEX, SOLO Wallet, and the upcoming NFT marketplace.

SOLO as a utility token on the Sologenic XRPL DEX

Sologenic DEX is one of the most popular DEX gateways to the XRP Ledger. At the time of writing this post, the DEX has over 2,000,000 views per week and an average of 150,000 transactions going through the Sologenic DEX on a weekly basis.

Community Voting Mechanism

For the above-mentioned reason, the team is proposing a voting mechanism using SOLO for all the listings and default pairs. Not only does this bring more value to the SOLO Token, but also more value to the projects on the XRPL and the community.

SOLO for minting, listing, and featuring NFTs on the upcoming Sologenic NFT marketplace

Sologenic NFT Marketplace
SOLO Token Aidrop

SOLO Token Airdrop

In order to engage the community to participate in the ecosystem and proposed governance utilities, the SOLO Core Team has decided to unlock 200,000,000 SOLO (Community SCF, and Expansion SEF) and conduct an airdrop to the XRP and SOLO communities.

How Will Airdrop Be Distributed?

The airdrop will take place after capturing a snapshot of the account balances on the XRP Ledger, which established a TrustLine to the Sologenic Gateway. The 200,000,000 SOLO will be distributed to those accounts that hold SOLO and XRP at the time of the snapshot.

When will the Snapshot be taken?

When will the SOLO Airdrop be Distributed?

What if you hold your XRP & SOLO on a Decentralized Wallet?

For SOLO holders who take custody of their assets, no action is needed as these accounts already have a TrustLine established. We are in talks with the exchanges who support the SOLO Token to consider the airdrop distribution amongst SOLO holders.

What if you hold your XRP & SOLO on Centralized Exchanges?

XRP holders who hold their assets on exchanges will need to periodically check and see if their exchange is supporting the airdrop.

How to stay tuned for further updates?

If you wish to receive more updates about the Sologenic ecosystem and the upcoming airdrop, we suggest you follow @realSologenic on Twitter.

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Sologenic

Sologenic

Sologenic is disrupting the asset trading industry: Tokenized Securities, Crypto Assets & NFTs. www.sologenic.com and www.sologenic.org